Greedflation, if it ever existed, is correcting itself
Steve Kamin constructs a “wage gap” to assess inflationary pressures in the US
In a speech on August 16, US Democratic presidential candidate Kamala Harris called for a federal ban on “price gouging” on groceries. This follows on from President Joe Biden’s proposal for a cap on corporate rent increases, and a longer-standing spate of arguments blaming the inflationary surge of the past few years on rising profit margins and corporate greed.
Although it is highly doubtful that the pandemic suddenly triggered an upswelling of corporate greed, it is true that in the
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